Lake Cunningham Development Trust
- Assets
- $3.7m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Omaha, NE
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-5231670
Organization Overview
Lake Cunningham Development Trust is located in Omaha, NE. The organization was established in 2019. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 12/2021, Lake Cunningham Development Trust employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Cunningham Development Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lake Cunningham Development Trust generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.8% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 30.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE CAPITAL TO DEVELOP AND ENHANCE THE RECREATIONAL INFRASTRUCTURE AT GLENN CUNNINGHAM LAKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE AMENITIES OF THE PARK ALONG WITH INCREASING PARK SAFETY AND USAGE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Avalon Treasurer | OfficerTrustee | 2 | $0 |
Mickey Anderson Chair | OfficerTrustee | 2 | $0 |
Eric Tirtilli Secretary | OfficerTrustee | 2 | $0 |
Calvin Sisson Board Member | Trustee | 2 | $0 |
Lisa Roskens Board Member | Trustee | 2 | $0 |
Patrick Alston Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,077,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,077,288 |
| Total Program Service Revenue | $114,099 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,194,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,916 |
| Payroll taxes | $26,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,885 |
| Fees for services: Accounting | $32,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,496 |
| Office expenses | $33,247 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,246 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,186 |
| Insurance | $41,873 |
| All other expenses | $44,746 |
| Total functional expenses | $4,474,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,188,023 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,258,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $234,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,670 |
| Total assets | $3,688,458 |
| Accounts payable and accrued expenses | $108,213 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,302,308 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,410,521 |
| Net assets without donor restrictions | -$460,157 |
| Net assets with donor restrictions | $2,738,094 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,688,458 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Cunningham Development Trust has recieved totaling $2,110,000.
| Awarding Organization | Amount |
|---|---|
Robert B Daugherty Foundation Omaha, NE PURPOSE: CAPITAL PROJECT | $2,000,000 |
Suzanne And Walter Scott Foundation Omaha, NE PURPOSE: GENERAL OPERATING SUPPORT | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forest Park Forever Inc St Louis, MO | $231,400,954 | $16,694,286 |
Lake Cunningham Development Trust Omaha, NE | $3,688,458 | $8,194,435 |
Seventy-Five North Revitalization Corporation Omaha, NE | $33,010,076 | $5,917,570 |
Denver Urban Gardens Denver, CO | $1,439,830 | $3,963,280 |
Aspen Valley Land Trust Carbondale, CO | $6,925,904 | $1,870,780 |
Nature And Wildlife Discovery Center Beulah, CO | $1,703,919 | $959,409 |
Keep Omaha Beautiful Omaha, NE | $667,250 | $604,428 |
Keep Iowa Beautiful West Des Moines, IA | $250,279 | $665,822 |
Green Schools National Network Inc Iowa City, IA | $207,625 | $338,966 |
Downtown West Plains Inc West Plains, MO | $4,028,208 | $902,055 |
Friends Of Bunker Hill Columbia, MO | $452,041 | $422,515 |
Ozark Greenways Inc Springfield, MO | $3,006,605 | $1,706,881 |